Oscar Raises $145M in Funding

oscarOscar, a NYC-based health insurance company, raised $145m in funding.

The round, which brought total funding to date to $320m, was led by Peter Thiel and Brian Singerman from Founders Fund with participation from Li Ka-shing of Horizon Ventures, the Wellington Management Company and Goldman Sachs and all previous investors.

The new capital will allow the company to expand its operations, develop new products and extend plans to new members across the country.

Led by Mario Schlosser, Kevin Nazemi and Joshua Kushner, Oscar allows people to connect to thousands of nurses and healthcare experts to get free checkups, flu shots, generic drugs, and other preventive care via insurance plans. It is currently available for people buying Obamacare insurance plans through the New York and New Jersey Marketplaces.




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